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20 hours ago · On 21 September 1999, Vodafone agreed to merge its US wireless assets with those of Bell Atlantic Corp to form Verizon. The merger was completed on 4 April 2000, just a few months prior to Bell Atlantic's merger with GTE to form Verizon Communications. In November 1999, Vodafone made an unsolicited bid for Mannesmann, which was rejected.
20 hours ago · Investors also reacted to an update to the Personal Consumption Expenditures price index, which was seen as pivotal for stocks headed for a losing week. The "core" PCE index, which is closely watched by the Fed and strips out the cost of food and energy, rose 0.2% in April, slowing from the 0.3% increase seen in March.
